News and Information from Bond Buyer

Municipals firmed Friday, with yields falling by as much as two basis points, as coronavirus threats grow and a flight-to-safety resumes.

Eight measures in five states to legalize marijuana and in three states offering tax breaks for veterans received universal approval.

Mayor Lori Lightfoot's budget plan strikes the right balance between structural and one-time measures amid the coronavirus, says Jennie Huang Bennett.

The $4.3 billion deal will test the state's low bond ratings — punctuated by another downgrade — against the municipal market's continuing demand for paper.

Bullard addresses coronavirus and the economy, University of Michigan consumer expectations drop.

Infrastructure investment is likely going to be an early priority for Biden.

The comptroller said the Taxi Workers Alliance proposal puts a floor under loan losses by guaranteeing city purchase of any defaulted medallions.

A school official called the coronavirus-related hit "a temporary blip," and said the rating agency moved too quickly.

Municipal bonds strengthened Thursday as yields fell by as much as four basis points on AAA curves but coronavirus vaccine rally in stocks slowed and UST, munis regained ground.

A majority of the new Oversight Board members may be more creditor friendly.

Inflation remains low, while initial jobless claims continue improving, but the coronavirus pandemic looms large.

University of Idaho's P3 could be a model for future university deals, according to Wells Fargo bankers.

The MSRB is looking specifically for issuers and non-dealer municipal advisors.

John Hallacy, founder of John Hallacy Consulting LLC, and Andrew Coen, Bond Buyer Northeast regional reporter, talk about next week’s $4 billion COVID-19 emergency GO and taxable social bond sale by New Jersey. Chip Barnett moderates the discussion on what it means for the state and whether the issue will become muni bond market benchmarks with an extra appeal to international investors. (15 minutes)

Illinois General Assembly leaders canceled the annual veto session amid rising COVID-19 cases, which means lawmakers won't act on the state budget before January.

The Fed’s vice chair of supervision said the Fed's backstop lending to states and localities "may not be the answer to all their issues."

The rating agency cited higher leverage from borrowing plans to fund expansions and renovations and passenger traffic losses from the coronavirus pandemic.

S&P Global Ratings revised the outlook on Vermont’s AA-plus general obligation bond rating to negative from stable.

Municipal water and sewer utilities are considered among the best positioned public finance sectors to confront COVID-19 related credit risks.

The contest that took nearly a week to finalize was among several races that epitomized the state's sharp political divide.